Golden Tax Relief January 2018

32850 US-43 STE B, THOMASVILLE, AL 36784 844-229-8936 GOLDENTAXRELIEF.COM G o l d e n G a z e t t e JAN 2018 Why I Became a Tax Advisor THAT TIME I OWED THE IRS $170,000

so I agreed to become a signer on the account. That way, I could manage their payroll directly. Unbeknownst to me, this timber company had tax problems, big ones. They owed the IRS about $170,000. The call came in at 9 p.m. The timber client was on the other end of the phone, panicked. Two IRS agents had shown up on his doorstep, looking for their money. I told him to stay calm and offer the agents some refreshments. I rolled out of bed, got in my car, and drove to my client’s house. The agents wouldn’t agree to let me meet with them on my client’s behalf. So I simply sat beside my client and told him what to say. This got under one of the agent’s skin. She glared, but there was nothing she could do at the time. A few days later, she came after me personally. My phone rang. “Well, Mister Golden,” said signature on the timber accounts and said I was responsible for settling my client’s debt. She coolly listed my assets. My land, my car, my 401K, she told me I had to liquidate everything. I had 24 hours to get back to her with an answer. I’ve never been so badly shaken in my life. My wife of five years was waiting at home with our two little babies. How the voice of the revenue officer, “I’ve done some research on you.” She had found my

could I face her? How could I tell her I’d lost everything we’d worked for? I’ll admit, I cried that day. Then I got to work. I poured over every scrap of information I had on tax procedure and, at 2 a.m., I found my answer. IRS agents have to hold what’s called a 4180 interview to determine who has authority over an account. Had the officers done this, they would’ve learned I didn’t have any actual authority over the timber account. I was not responsible for the company’s tax debt, and had been unduly investigated. I made this clear to the regional director of the IRS. The agent who came after me got 30 days leave without pay. I did a lot of thinking after this experience. There I was, an accountant trained in tax law, and I’d almost been bullied into paying $170,000 I didn’t have to cover a debt I didn’t owe. How would a layperson have managed this situation?

Plenty of tax advisors or attorneys will tell you about “the how.” How they will reduce your tax debt, how they will deal with the IRS, etcetera. I don’t just have a “how,” I have a “why.” Why am I a tax advisor? Simple. I never want anyone to go through what the IRS did to me. It happened a dozen years ago. I’d just moved my young family back to Alabama when my aunt died of pancreatic cancer. She had owned a small accounting firm, whose clients were left high and dry after her sudden passing. I decided to buy the business from my uncle and took on my aunt’s old clients. My aunt had been handling the payroll of a logging company, and I began assisting them. The thing about loggers is, they’re in the woods all day. When they do come into the office, it’s to grab their paycheck and go home. Running between the forest and the office to sign off on everything was weighing on the owner,

I became a tax advisor because nobody should ever be put in that nightmare. I want to give people peace by keeping the IRS off their front porch. I want to give them protection by

“There I was, an accountant trained in tax law, and I’d almost been bullied into paying $170,000 I didn’t have to cover a debt I didn’t owe.”

knowing the IRS rules backwards and forwards. Most importantly, I want to give folks posterity by

helping them deal with their tax problems and move forward with their lives. That’s my “why.”

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